Coffee prices touch new high, but Indian exporters unable to cash in on it

Coffee prices have trended higher over the past three weeks, with arabica posting a five-month high on Monday and robusta coffee climbing to an eighteen-month high last Friday. Prices of robusta stood at $1,430 per tonne compared with $1,300 last year. This year's low was $1,100. The phenomenal increase in international prices has not reflected in local prices in India due to high stock.

Prices are expected to increase further since the outlook for a smaller coffee crop in Vietnam, the world's largest robusta coffee producer, is boosting robusta prices. Reports quoting CEO of Simexo Dak Lak, Vietnam's second-largest coffee